What You Should Know About Property Management of Commercial Properties - Young & Associates - strip center management fee

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strip center management fee - Retail Shopping Center Management And Leasing Agreements


If you have gross rents on a small center for instance of 200,000 at let's say 4% management fee that is only 8,000 to look over the property for the whole year. If that property manager leased up a space in there where it's a 5 year lease at 50,000 a year that is 250,000 X . Dec 10, 2015 · Management fee: the fee varies between 3-6% of the base monthly rent for a retail center, depending on the amount of work needed to manage the property. For example, it takes much less time to manage a $2M retail center with just a single tenant than a $2M retail strip with 12 tenants.

LA 673 Property Management Agreement For Corporate Affiliate Manager For Retail Strip Center Property Anchored By A Grocery Store. The management fee is computed as a percentage of all rentals and additional rentals, plus a higher percentage of common area maintenance charges. Lease Up Fee Standard rental fee is 1/2 months rent. Details on our lease up only fee can be found here. Hourly Services. Regular Maintenance – $35 per hour * Includes most electrical and plumbing work; Snow and ice removal – Typical charge is $45 per storm for removal/salting of front steps/sidewalk; Electrician – $60 per hour*.

This means a tenant’s NNN fee is charged according to the percentage of space the tenant occupies in a shopping center. The percentage is determined based on the ratio of tenant’s space relative to the overall building size. Therefore, if a tenant’s unit occupies 20% of the overall shopping center, their pro rata share CAM charge is 20%. retail shopping centre management fees. Get our free Commercial Real Estate training here right now! Fresh new ideas for Brokers and Agents around the World.